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Stop The Alpha Bank's Application To Auction
Petition Created On: 05 Dec, 2011
Petition Created By: PICAS GROUP
We the undersigned demand that the Ministry of the Interior and the Land Registry in Cyprus act decisively and intervene by rejecting any and all the applications made by the Alpha Bank to auction eight plots of land that were mortgaged to property developer Yiannis Liasides against which contracts of sale to purchase immovable property have been lodged.

Many people who bought from this developer in particular and in Cyprus in general did so with the utmost good faith. They were reassured by the Ministry of the Interior that once a contract of sale is lodged with the Land Registry for Specific Performance then the buyer is protected.

In his statement of the 22nd July 2009, Interior Minister Neoclis Sylikiotis wrote "Nobody and no Authority anywhere can ever challenge the property rights or the ownership status of buyers of immovable property within the territory which is under the control of the ROC." And that "the property market in Cyprus is stable and secure, and property buyers must be absolutely certain that their investments are safe here; indeed, property investment is much safer in Cyprus than anywhere else".

We ask that a clear and unequivocal message is sent to the banks in Cyprus that buyers must not pay the price for the failure of developers, negligence of Advocates, lax oversight by the banks and the inability of successive governments to legislate against this.

Failure to send such a message will result in a complete breakdown of trust and confidence in both the Cyprus property market and also in the assurances made by the Minister of the Interior on behalf of the Cyprus Government.

Please Sign This Petition!

Total Signatures: 1182 Bookmark and Share   
Name Email Comments
Paul Burrows [Hidden email address] The Governmet need to act now
Susan Burrows [Hidden email address] Shameful
peter pericleous [Hidden email address] i bought my property in good faith and i don't want to loose it.
david lees [Hidden email address]
Lin Holding [Hidden email address] Buyers trusted the system, now its time to protect them
Steve H [Hidden email address] If this goes ahead there will never be Cypriot property investors
Malcolm [Hidden email address]
Mary Katsantonis [Hidden email address] This must NEVER be allowed to happen.
A H Hibbs anthony_hibbs@sky.com
Andrew Kyle [Hidden email address] Alpha Bank, no, no, no.
Margaret Kelly [Hidden email address]
Charlie [Hidden email address]
Laura Smith [Hidden email address] AB should be after the developers home not mortgage paying owners!
paul ruse [Hidden email address]
Jill Warr [Hidden email address] The bank allowed this - it's their problem
Deborah Weekes [Hidden email address] haven't we been ripped off enough.
Tony Singleton [Hidden email address] Come on Cyprus get Your House in Order
D Michaels [Hidden email address] When will the nightmare end!
Stephen Watson [Hidden email address] This Must Be Stopped
David Biggs [Hidden email address] Shame on Cyprus Shame on Alpha Bank
RON [Hidden email address] Shameful
Alex Young [Hidden email address] Cyprus has to act fairly
Helen Simmonds [Hidden email address] How disgusting. People bought in good faith.
peter roberts [Hidden email address] Cyprus must honour its obligations to property purchasers
vicki [Hidden email address] dispicable
sharon heath [Hidden email address]
Jenni Dickinson [Hidden email address] An absolute disgrace - hope common sense and fairness for the buyer
Gill Smith [Hidden email address] My love affair with Cyprus is disappearing, Cypriot Govt please help
Ann Arnott [Hidden email address] Its a disgrace
Stuart Campbell [Hidden email address] disgusting alpha bank
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